Talon Metals (TSE:TLO) Sets New 52-Week Low – Here’s Why

Talon Metals Corp. (TSE:TLO) reached a new 52-week low on Wednesday . The company traded as low as C$0.08 and last traded at C$0.08, with a volume of 447508 shares. The stock had previously closed at C$0.08.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TLO. TD Securities reduced their target price on shares of Talon Metals from C$0.55 to C$0.30 and set a “buy” rating on the stock in a report on Monday, November 18th. Stifel Nicolaus decreased their target price on shares of Talon Metals from C$0.50 to C$0.45 and set a “buy” rating on the stock in a research report on Thursday, January 30th.

Talon Metals Stock Performance

The stock has a 50-day moving average price of C$0.09 and a 200 day moving average price of C$0.09. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.81 and a quick ratio of 5.62. The firm has a market cap of C$74.78 million, a PE ratio of -55.00 and a beta of 1.13.

Talon Metals Company Profile

Talon Metals Corp., a mineral exploration company, explores for and develops mineral properties in the United States. It owns an 18.45% interest is the Tamarack nickel-copper-PGE project located in Minnesota, the United States; and a 100% interest in the Trairão iron project located in Brazil. The company is headquartered in Road Town, the British Virgin Islands.